Journal article
Ambiguity aversion and incompleteness of contractual form.
- Abstract:
- Subjective uncertainty is characterized by ambiguity if the decision maker has an imprecise knowledge of the probabilities of payoff-relevant events. In such an instance, subjective beliefs are better represented by a set of probability functions than by a unique probability function.
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Authors
- Publisher:
- American Economic Association
- Journal:
- American Economic Review More from this journal
- Volume:
- 88
- Issue:
- 5
- Pages:
- 1207 - 1231
- Publication date:
- 1998-01-01
- ISSN:
-
0002-8282
- Language:
-
English
- UUID:
-
uuid:db411ab0-a3eb-4c16-9a2c-7f5343b09a75
- Local pid:
-
oai:economics.ouls.ox.ac.uk:14692
- Deposit date:
-
2011-08-16
- ARK identifier:
Terms of use
- Copyright date:
- 1998
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